In the ongoing lawsuit between Coinbase, a leading cryptocurrency exchange, and the U.S. Securities and Exchange Commission (SEC), a group of legal scholars from top American universities have submitted an amicus brief in support of Coinbase. The scholars argue that the definition of an "investment contract" is key in deciding whether tokens traded on Coinbase are unregistered "securities". Additionally, several other organizations have also submitted amicus briefs backing Coinbase. The post Prominent US Legal Scholars Back Coinbase in SEC Lawsuit: A Cryptocurrency Showdown appeared first on COINOTAG EN .
